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No surprise hedge fund manager disregarded compliance rules

Editor's blog

Risk staff

21 Aug 2009

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The news that hedge fund managers repeatedly ignored compliance requirements should come as no surprise to many of our readers. Rainmaker trading stars have long overlooked compliance controls in the quest for greater returns, and in the past their superiors regularly turned a blind eye to the practice as long as the firm continued to make money. But once the tables turned funds began to haemorrhage cash, bosses looked again at those thwarting compliance controls in an attempt to apportion blame